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As we reach the middle of 2023, it has been a challenging year for both stocks and digital assets. Ongoing discussions surrounding the global economy have continued to create uncertainty among investors. Meanwhile, analysts remain divided on when the next major financial problem could emerge. Back in our March 2023 crypto signal results report, digital assets were performing strongly. They were increasingly viewed as a potential hedge during periods of financial instability. Additionally, readers can also explore the complete monthly crypto signal results archive. Alternatively, they can compare the Telegram crypto signals and trading communities tracked by SmartOptions.
Since then, however, many major news headlines have had a surprisingly limited impact on the market. Despite concerns surrounding unstable banks, the ongoing conflict between Russia and Ukraine, additional interest rate increases in May, fears of a global economic slowdown, and continued debate over the U.S. debt ceiling, both digital assets and stocks appeared increasingly disconnected from the traditional macroeconomic narratives. These narratives would normally influence investor sentiment.
Price Swings and Volatility
In terms of trading, both the actual and expected price swings have reached their lowest levels ever. Bitcoin’s trading range in the last two weeks of May has been only 6.3%. Its volatility over the last 30 days is 42.1. Similarly, Ether has been trading within a narrow 7.1% range. Its volatility over the last 30 days is 41.9%.
BTC had a bumpy month. It struggled to surpass the resistance levels at $27,500 towards the end despite multiple attempts. On Monday, there was one more attempt. Consequently, the price briefly reached $28,500 after news of a debt ceiling deal by the US government.
Many other cryptocurrencies also saw small losses in May. Ethereum (ETH) has dropped by 1% to $1,850. Binance Coin has decreased by the same percentage, just below $305. Ripple, Solana, Tron, Polkadot, Shiba Inu, and Avalanche are also slightly down in value.
May Signal Results 2023
Rate & comment on the providers!
Fat Pig Signals maintain their #1 position from last month, having again achieved a perfect 100% win rate. However, they have been very miserly, having issued only 3 trade signals in May. However, sometimes, less is more. Quality and profitable trades are better than multiple unprofitable ones.
Universal Crypto Signals has done great with a 92% win rate. They issued a total of 26 trades, which is a healthy number. There was a notable difference between the number of trades issued by the two signal providers in April. Moreover, it persisted in May as well.
In the third spot, we’ve got CoinCodeCap, with a combined win rate of 64% for both their spot and margin channels. Note that we didn’t have the VCT signal results for April. We also didn’t get any results from them in May. VCT has paused its activities, and we’re waiting on what they’re planning.
Important note for signal providers: For any other channels with missing results, we did not receive any trading results or updates. We warn users that this is not a good sign and that most channels would be gone in a few weeks or months if this continues. As soon as we know what is happening, we will update our readers.
1) Fat Pig Signals
- Telegram Signals
- Bitmex Signals
Fat Pig Signals has scored an unbeatable 100% win rate in May, taking the first position. However, they issued only three signals compared to UCS’s 26. This win rate looks great. However, when it comes to the number of signals, UCS has taken the game away from them once again.
2) Universal Crypto Signals
- Telegram Signals
- Bitmex Signals
Universal Crypto Signals performed very well in May. They have an exceptional 92% win rate with a total of 26 trades this month. They have been doing really well with the number of signals every month. This is an indicator of how good UCS is in the crypto signals game.
Beware of scammers trying to impersonate reputable signal providers’ admins! You might encounter a scammer impersonating Saviour from UCS, it’s better to confirm their official Telegram usernames before having any conversation.
3) CoinCodeCap
- Telegram Signals
- Discord Signals
CoinCodeCap secured the third position with a 64% success rate in their signals. Out of the 71 signals issued jointly by their Spot and Margin channels, 36 generated profits.
4) OnwardBTC
May was no different for the folks at OnwardBTC. In April, they had a win rate of 46%. In May, it has dropped even more to 36%.
May Signal Results – Final Thoughts
May was a relatively calm month for both stocks and digital assets, with fewer major events affecting the crypto market. Even so, the stable conditions created a valuable environment for evaluating the consistency and reliability of signal providers. Traders looking for a broader comparison of provider quality can also explore our guide to the best Telegram crypto signals. They can also review the previous April 2023 crypto signal results.
Despite the quieter market environment, top performers such as UCS and Fat Pig Signals continued delivering strong results throughout May. Their ability to maintain profitable trading performance during both active and slower market periods further reinforces their reputation as reliable crypto signal providers. Ultimately, this consistency highlights the value of disciplined trading strategies and experienced market analysis.
While May did not present the same volatility seen in previous months, the results once again demonstrated the resilience and long-term consistency of leading providers. As reflected in the April signal results, traders and investors can continue relying on experienced signal groups. This helps them identify opportunities and navigate changing market conditions more effectively.
